Service and Wealth

Ted E.

5.0 (1)
HOW TO
UPDATED WEEKLY

Service and Wealth

Welcome to "Service and Wealth" with the Military Wealth Coach! Dive into military budgeting tips, investing for military personnel, and financial planning for military families. Unlock strategies for military savings, debt management, and retirement planning. Take back control over your money, and Master Military Finance with us today!

DEC 15

028 Real Estate 101, Part 5 -- The VA Loan, Your Tactical NUKE!!!

Finally, it's here . . . drumroll please . . . The Authoritative Guide to the VA Loan. If you think you already know all you need to know about the VA Loan, we guarantee that by the end of today's show you will have found several reasons to pick up your Green Notebook and a pen and write down some notes with the "golden nuggets" we introduced. From explaining why the VA Guaranty will always automatically get you a better interest rate, to walking through how to safeguard your Earnest Money Deposit with the totally legal "VA Escape Clause" written into every offer and sales contract, you'll become a more savvy home-buyer. But what's more, you'll learn about the different kinds of VA Loans that can unlock amazing opportunities, such as the: Energy Efficient Investment VA Loan Construction Loan Interest Rate Reduction Refinance Loan from the VA Joint VA Loans Cash-out Refinance VA Loan Jumbo Loan And of course, much, much more. In fact, we even go over an example of how two single service members could combine their VA Loan eligibility to jointly invest in a multi-million dollar, multi-family property that has the potential to provide enough rental income to double the take-home pay of an average O-1 or E-6. We think that by the end of today's episode you will walk away not just with the knowledge and confidence to start buying property with your VA loan today, but the belief that you can't afford NOT to. So grab your ink stick and notebook, plug in, sit back, and get your learn on! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

1h 8m
DEC 8

027 Real Estate 101, Part 4 -- Financing Basics, aka the Miraculous Mortgage

In our fourth installment of our Podcast series on Real Estate for the Military, we finish building our Financial IQ Foundation by discussing financing and mortgages. Not just for the VA Loan, but general truths about home loans and the mortgage industry. While it may feel like a bit of tease to not jump into the VA Loan straightaway, understanding financing will help you take advantage of many different ways to buy a house, and do so without backing yourself into a corner or falling into any traps. You'll learn about why the 30-year mortgage in the U.S. is such an amazing tool that few in the world have access to (and also explains why so many non-American millionaires and billionaires come to the U.S. just so they can buy real estate with a 30-year mortgage). You'll learn about what happens to your loan after you've taken the keys and moved into your new house, and give you the knowledge to not panic when you get those gibberish-sounding letters from banks you've never heard of announcing they bought your loan. Most importantly, we'll break down the mortgage payment into Principal, Interest, Taxes, and Insurance, or PITI, as well as that other charge you might see on your monthly statement: Mortgage Insurance. You'll learn not only that you can pay less than 20% down on a house with non-VA loans if you qualify for it, but also that in 9 cases out of 10 you absolutely should pay less than 20% down -- and just pay the Mortgage Insurance. By the end of today's episode you'll be confident enough to stroll into any bank in town and take out a mortgage that's best for you so you can jump right into real estate investing and homeownership today! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

1h 10m
DEC 1

026 Real Estate 101, Part 3 -- the 5 C's of Buying a Home

Welcome back for our third installment in the series of Real Estate for the Military, in which we move from crawl to walk -- and help you with some tried-and-true TTPs for making killer offers and getting a great deal on your first (or next) house. In Week 1 we laid the foundation of what real estate is all about in the U.S., and in Week 2 we talked about how to prepare yourself to buy a house by what to look at in researching homes in your new city, as well as questions to ask your agent and loan officer to make sure you put together a rock-solid team that is working for you "from soup to nuts." In this week's episode we talk the "5 C's" of real estate: Contact, Contract, Contingencies, Commissions, and Closing. That's right: together in this week's episode we walk through the steps from reaching out to a seller, to making an offer, to getting through the messiness of negotiations, inspections, appraisals, pre-qualifications, and more to get you across the finish line to close on your next home purchase. Beyond just talking about the steps and the key terms, we share winning tips, tricks, and TTPs that will help you make competitive offers that get accepted -- and keep more cash in your pocket! Finally, we talk about a simple closing checklist to make sure you're getting the deal you expected. Remember to join us next week for Part 4 in which we go into "eye-bleeding detail" on the VA Loan. We guarantee you'll be surprised by what you learn about the different types of VA loans available to you, and the endless possibilities they present! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

1h 6m
NOV 24

025 Real Estate 101, Part 2 -- Building Your Team

In our second installment of the Military Wealth Coach's Service and Wealth series on real estate for the military, we build on the foundation of Part 1 in which you learned about the foundation of all real estate transactions, and the things you need to check on before buying a property. Armed with that knowledge, we dive into the people you will work with to buy your first (next) house: your agent and your loan officer. But rather than follow the typical script, we drill down into the knowledge you need to assemble before even talking to an agent, and the questions you need to ask the agent and loan officer before ever agreeing to work with them. The reality is that this is going to be your house, and after the sale it's you who will live with the consequences -- so don't let them take control of the process! After listening to today's episode, you will have the wisdom, tools, and confidence to Take Control of Your Homebuying Journey, to interview and screen agents and loan officers, and to assemble a team that will work in your best interest -- not for maximum commission. Remember to join us next week for Part 3 in which we talk about how to make offers, what to know about commissions, and what costs to expect to pay at closing (yes, even if you are trying for a "zero-down" VA loan home purchase, you will pay something!). Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

1h 10m
NOV 18

(BONUS) 024 Trump 2.0, Part 2

We follow up last week's "post-election special" with a second round of discussion about the link between a second Trump Presidency and your life and finances in the military. In response to listener feedback, we dig a bit deeper into the numbers to explain why the standard military pay based on the Employer Cost Index (ECI) simply "doesn't cut it" when it comes to helping you get ahead -- and in some years even just keep up -- financially. We then get a little academic and a little historical and explain how the policies that Trump is proposing, from tariffs on foreign goods to energy independence and reinvesting in America's manufacturing and industry bases, is not an exception in American economic policy. In fact, for over 2/3 of our nation's history, we have used policy tools like these to position America's economy on top of the world. Tune in this week for a little bit of college-level economics and political economy, to help you better tie together the headlines and craziness of the world today, from an historic election to Ukraine to China to your stock portfolio, it's all much more tightly linked than you may have expected! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

50 min
NOV 18

023 Real Estate 101, Part 1 - The Foundation

Buying a house -- so many words and feelings come to mind: exciting, intimidating, scary . . . and also we probably all assume it's really complex! But the feeling that it's hard comes from not knowing the ins and outs of real estate transactions, where it all starts, and the "who's who in the zoo." Fear not, as this week the Service and Wealth Podcast pulls back the curtain to explain the core components of real estate transactions in America. In fact, we use this episode to lay the foundation (haha!) of your knowledge about homebuying and real estate by discussing how the home itself is just an "extra" in the process, and that it all starts with you buying the land underneath it. We slowly build up from a simple Buyer-Seller transaction to add in crucial roles of the Recorder, Notary, and Title Officer before we even start talking about agents and bankers. Who knew!? If that feels backwards, don't feel bad -- you've just been controlled and misdirected by the industry of realtors and banks. Use the knowledge from this week's episode to straighten out your understanding of real estate, and most importantly to take control of your "team" on your next home purchase! So grab your Rite-in-the-Rain notebook and a pen and get ready to take some notes -- then make sure you come back next week for Part 2 when we make a deep dive into the VA Loan! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

1h 3m
NOV 11

022 ELECTION SPECIAL: Predicting the Impact of Trump 2.0 on Your Military Pay

President Trump secured the 2024 presidential election by a wide margin -- and perhaps even more significantly the Republican Party gained seats in both the Senate and House of Representatives. As the party with an historical reputation as being more "pro-military," does Republican domination mean more pay for you next year? In this week's episode we explain the rules and processes that determine how much you get paid on the 1st and 15th, things like the Employment Cost Index (ECI) and the National Defense Authorization Act (NDAA). Don't worry, we don't waste time getting bogged down -- instead you'll walk away from listening with a complete understanding of how your Base Pay and BAH change, and by how much. In the second half of the episode, we talk bigger picture U.S. economy, and talk about how President Trump's economic and foreign policy will likely impact you over the next four years. And not just the implications on prices, inflation, and your paycheck: we also discuss how the wars in Ukraine and the Middle East, and whether they end or get worse, is likely to impact all our lives. It's an Election Special episode packed with big questions -- and big answers, so download and listen today! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

57 min
NOV 3

021 Know Thine Enemy . . . The Real Deal on the TSP Lifecycle Funds

Do you know what happens when you let the military manage your TSP (Thrift Savings Plan)? You sacrifice between $1.1 and $2.6 MILLION by the time you hit retirement age. Let that sink in for a minute. The Lifecycle Funds sold by the TSP are highly inefficient investment strategies that rob you of the returns you need to reach the goals and dreams you have for your future. But they do make the TSP a good deal of money -- not because they work, but because they are the default option that your Service Branch signs you up for when you join the military. Don't want to get screwed out of millions of dollars? Then take control of your finances, your retirement plan, and your TSP, and make sure you have $0 in a Lifecycle Fund. Ever. In this week's episode, the Military Wealth Coach FINALLY gets to unleash on the scam that is the Lifecycle Funds strategy at TSP, and shares with you the real numbers behind why and how you will come up massively short in your retirement savings goal if you allow any of your money -- or any of your service's matching contributions under the Blended Retirement System (BRS) -- go into a Lifecycle Fund. It doesn't matter which one, or at what point in your life, they ALL lose you money. Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.

53 min

Welcome to "Service and Wealth" with the Military Wealth Coach! Dive into military budgeting tips, investing for military personnel, and financial planning for military families. Unlock strategies for military savings, debt management, and retirement planning. Take back control over your money, and Master Military Finance with us today!

Creator

Ted E.
Years Active

2K
Episodes

28
Rating

Clean
Copyright

© 2024 Military Wealth Coach, LLC
Show Website

Service and Wealth